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TECHNOVARE SYSTEMS, INC. 401(K) PLAN 401k Plan overview

Plan NameTECHNOVARE SYSTEMS, INC. 401(K) PLAN
Plan identification number 001

TECHNOVARE SYSTEMS, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

TECHNOVARE SYSTEMS, INC. has sponsored the creation of one or more 401k plans.

Company Name:TECHNOVARE SYSTEMS, INC.
Employer identification number (EIN):330728271
NAIC Classification:492110
NAIC Description:Couriers and Express Delivery Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TECHNOVARE SYSTEMS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01
0012014-01-01
0012013-01-01
0012012-01-01GRANT STOCKTON2013-09-17 GRANT STOCKTON2013-09-17
0012011-01-01GRANT STOCKTON2012-09-26 GRANT STOCKTON2012-09-26
0012010-01-01GRANT STOCKTON2011-10-06 GRANT STOCKTON2011-10-06

Financial Data on TECHNOVARE SYSTEMS, INC. 401(K) PLAN

Measure Date Value
2008 : TECHNOVARE SYSTEMS, INC. 401(K) PLAN 2008 401k financial data
Total income from all sources2008-12-31$-147,587
Expenses. Total of all expenses incurred2008-12-31$107,557
Benefits paid (including direct rollovers)2008-12-31$107,557
Total plan assets at end of year2008-12-31$752,864
Total plan assets at beginning of year2008-12-31$1,008,008
Value of fidelity bond covering the plan2008-12-31$150,000
Total contributions received or receivable from participants2008-12-31$187,889
Other income received2008-12-31$-378,274
Net income (gross income less expenses)2008-12-31$-255,144
Net plan assets at end of year (total assets less liabilities)2008-12-31$752,864
Net plan assets at beginning of year (total assets less liabilities)2008-12-31$1,008,008
Assets. Value of participant loans2008-12-31$59,422
Total contributions received or receivable from employer(s)2008-12-31$42,798

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number11027
Policy instance 1
Insurance contract or identification number11027
Number of Individuals Covered26
Insurance policy start date2008-01-01
Insurance policy end date2008-12-31
Total amount of commissions paid to insurance brokerUSD $6,119
Total amount of fees paid to insurance companyUSD $640
Are there contracts with allocated funds for group deferred annuity?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes

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